Alternus Clean Energy (ALCE) AI Stock Analysis

• Market Cap: $797.00
• Dividend Yield: N/A
• Average Volume (3M): 512.00
• Price to Earnings (P/E): 0.1
• Beta (1Y): 1.85
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 21
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): N/A
• Shares Outstanding: 724,658
• 10 Day Avg. Volume: 988
• 30 Day Avg. Volume: 512
• PEG Ratio: -1.31
• Price to Book (P/B): -81.87
• Price to Sales (P/S): 8920.47
• P/FCF Ratio: 30.59
• Enterprise Value/Market Cap: 13.42K
• Enterprise Value/Revenue: 86.26
• Enterprise Value/Gross Profit: -49.52
• Enterprise Value/Ebitda: 4.95
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $0.00 ▼(-100.00% Downside)
• Action: N/A Date: 07/19/25
• Date: Action: N/A 07/19/25

The overall score of 42 reflects significant challenges for ALCE, driven primarily by weak financial performance with drastic revenue declines and negative equity, alongside bearish technical trends showing a sustained price downtrend. Valuation concerns with a negative P/E ratio further weigh on the score. Strong cash flow generation offers some mitigation, but it is not enough to offset the broader operational and market risks.

Positive Factors

Debt Reduction

The sale of a subsidiary reduced debt by $22.6 million, improving financial stability and enhancing long-term shareholder equity.

Cash Flow Recovery

Strong operating cash flow in 2024 indicates improved cash generation ability, supporting future investments and financial health.

Strategic Focus on Clean Energy

Focus on solar PV projects aligns with global trends towards renewable energy, positioning the company for long-term growth and sustainability.

Negative Factors

Negative Equity

Negative equity suggests potential insolvency risk, limiting financial flexibility and posing long-term viability concerns.

High Leverage

High leverage can strain cash flow and limit the ability to invest in growth opportunities, impacting long-term financial health.

Operational Inefficiencies

Negative EBIT and EBITDA margins highlight operational challenges, affecting profitability and the ability to sustain growth.

Alternus Clean Energy Business Overview & Revenue Model

Company Description

Alternus Energy Group Plc operates as an international vertically integrated independent power producer. It owns, develops, installs, and operates midsized utility scale solar parks. The company was incorporated in 2019 and is headquartered in Dublin, Ireland.

How the Company Makes Money

Alternus Clean Energy makes money through several key revenue streams primarily centered around its solar energy projects. The company generates income by selling the electricity produced by its solar parks to utility companies, governments, and large energy consumers through power purchase agreements (PPAs). These long-term contracts ensure a steady revenue stream by setting predetermined rates for the electricity supplied. Additionally, Alternus Clean Energy may benefit from government incentives, tax credits, or renewable energy certificates associated with clean energy production. The company might also engage in strategic partnerships and joint ventures to expand its project portfolio and enhance its financial performance.

Alternus Clean Energy Financial Statement Overview

Summary

Financial performance is weak overall, with severe revenue decline (over 98% drop to $311,000 in 2024) and negative gross profit margins per the income statement. The balance sheet shows persistent negative equity (-$33.89M) and high leverage, posing stability risks. However, strong operating cash flow ($92.37M in 2024) provides some liquidity support, preventing a lower score.

Income Statement

The income statement reflects significant challenges for Alternus Clean Energy. In 2024, total revenue dropped drastically to $311,000 from $20.08 million in 2023, indicating a severe revenue decline of over 98%. Gross profit turned negative at -$53,000 in 2024, compared to $15.62 million in 2023, resulting in a negative gross profit margin. While net income improved to $21.08 million in 2024 from a loss of $69.46 million in 2023, this appears to be driven by non-operational factors rather than core business performance. EBIT and EBITDA margins remain deeply negative, highlighting ongoing operational losses. The sharp revenue drop and negative margins overshadow the net income gain, pointing to underlying business model concerns.

Balance Sheet

The balance sheet shows a concerning financial position for Alternus Clean Energy. Stockholders' equity worsened to a negative $33.89 million in 2024 from negative $63.25 million in 2023, reflecting persistent challenges in building shareholder value. Total debt remains high at $28.62 million in 2024, down from $198.97 million in 2023, but with negative equity, the debt-to-equity ratio is unsustainable. The equity ratio is also negative, indicating that liabilities far exceed assets. While total assets decreased significantly to $7.73 million from $185.29 million, signaling potential asset sales or write-downs, the overall balance sheet remains weak with high leverage and negative equity as major risks.

Cash Flow

The cash flow statement presents a brighter spot for Alternus Clean Energy. Operating cash flow improved dramatically to $92.37 million in 2024 from $10.44 million in 2023, reflecting strong cash generation from operations. Free cash flow also turned positive at $90.69 million in 2024, compared to a negative $7.60 million in 2023, with a remarkable growth rate. However, financing cash flow shows a significant outflow of $136.55 million in 2024, indicating potential debt repayment or capital restructuring. While operational cash generation is a strength, the heavy financing outflows suggest caution regarding long-term cash sustainability.

Breakdown	TTM	Dec 2024	Mar 2024	Dec 2022	Dec 2021
Income Statement
Total Revenue	124.00K	311.00K	20.08M	17.09M	21.39M
Gross Profit	-216.00K	-53.00K	15.62M	12.65M	14.23M
EBITDA	2.16M	-15.18M	-31.42M	-4.64M	3.90M
Net Income	39.55M	21.08M	-69.46M	-18.45M	-18.75M
Balance Sheet
Total Assets	4.81M	7.73M	185.29M	208.53M	209.49M
Cash, Cash Equivalents and Short-Term Investments	10.00K	161.00K	23.78M	2.99M	18.03M
Total Debt	10.71M	28.62M	198.97M	197.49M	169.67M
Total Liabilities	25.94M	41.61M	248.54M	229.36M	192.90M
Stockholders Equity	-21.14M	-33.88M	-63.25M	-20.33M	16.61M
Cash Flow
Free Cash Flow	112.59M	90.69M	-7.60M	-41.48M	-135.41M
Operating Cash Flow	105.19M	92.37M	10.44M	-17.85M	-8.32M
Investing Cash Flow	-40.64M	21.41M	-675.00K	-23.63M	-127.48M
Financing Cash Flow	-58.96M	-136.55M	3.93M	26.98M	161.23M

Alternus Clean Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALCE, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 2.46, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 24.52 is Positive, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALCE.

Alternus Clean Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
ALCE	42 Neutral	$797.00	0.15	―	―	―	―
CREG	―	$4.92M	-2.49	-2.68%	―	―	-50.02%
WAVE	48 Neutral	$39.18M	-10.17	-54.97%	―	-40.99%	-46.52%
VGAS	43 Neutral	$72.17M	-12.44	-16.59%	―	―	23.66%
BNRG	42 Neutral	$483.42K	-0.33	-327.21%	―	―	―
HTOO	39 Underperform	$5.98M	―	-177.63%	―	―	―